Sooner$-$than$-$Later $($STL$)$ Inc. announces that it will pay a $$75$ per dividend next year, followed by a final dividend of $$30$ per share in the year after. Mrs$.$ Donna Holder has $50$ shares in STL Inc. She wishes to limit her income from investments to no more than $$35$ PER SHARE in the first year. Demonstrate through relevant computations, how she can achieve this goal through homemade dividends if the required return on STL Inc$$s shares is $9\%.$ What will be Mrs$.$ Holder$$s earning in the second year? Show detailed workings in support of your response.

Do I need to calculate PV for this question $?$ As I am unsure.